Short Interest in Ford Motor (NYSE:F) Drops By 6.9%

Ford Motor (NYSE:F) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 125,117,036 shares, a drop of 6.9% from the February 15th total of 134,325,205 shares. Based on an average daily trading volume, of 32,984,361 shares, the days-to-cover ratio is currently 3.8 days. Approximately 3.2% of the company’s shares are sold short.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, January 9th. Royal Bank of Canada reiterated a “hold” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Wednesday, December 20th. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.14 target price on the stock in a research note on Friday, January 26th. Susquehanna Bancshares set a $12.00 price target on Ford Motor and gave the company a “hold” rating in a research note on Wednesday, March 14th. Finally, Nomura cut their price target on Ford Motor to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.42.

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F traded down $0.17 on Friday, hitting $11.18. The company had a trading volume of 31,918,670 shares, compared to its average volume of 44,930,744. Ford Motor has a 12-month low of $10.14 and a 12-month high of $13.48. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.23 and a quick ratio of 1.12. The firm has a market capitalization of $45,097.54, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.69 and a beta of 1.05.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Ford Motor had a net margin of 4.85% and a return on equity of 21.71%. The company had revenue of $38.50 billion during the quarter, compared to analysts’ expectations of $36.96 billion. During the same quarter last year, the firm earned $0.30 EPS. Ford Motor’s revenue for the quarter was up 6.9% on a year-over-year basis. sell-side analysts expect that Ford Motor will post 1.55 EPS for the current year.

In other Ford Motor news, Chairman William Clay Ford, Jr. sold 454,260 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $10.32, for a total value of $4,687,963.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ashwani Kumar Galhotra sold 31,415 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $10.34, for a total value of $324,831.10. The disclosure for this sale can be found here. 1.08% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in Ford Motor by 11.7% in the fourth quarter. Geode Capital Management LLC now owns 43,141,934 shares of the auto manufacturer’s stock valued at $537,773,000 after purchasing an additional 4,529,998 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Ford Motor by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 39,609,473 shares of the auto manufacturer’s stock valued at $474,123,000 after purchasing an additional 410,123 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Ford Motor by 7.2% in the fourth quarter. Bank of New York Mellon Corp now owns 38,411,102 shares of the auto manufacturer’s stock valued at $479,755,000 after purchasing an additional 2,594,016 shares during the last quarter. Pzena Investment Management LLC grew its stake in Ford Motor by 1.8% in the fourth quarter. Pzena Investment Management LLC now owns 25,856,377 shares of the auto manufacturer’s stock valued at $322,946,000 after purchasing an additional 446,561 shares during the last quarter. Finally, LSV Asset Management grew its stake in Ford Motor by 1.6% in the fourth quarter. LSV Asset Management now owns 23,496,850 shares of the auto manufacturer’s stock valued at $293,475,000 after purchasing an additional 364,500 shares during the last quarter. Institutional investors own 56.59% of the company’s stock.

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Ford Motor Company Profile

Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.

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